Which of the following statements about the supplier selection stage of the business buying decision process is true?
A) Price is the only factor businesses consider before making a purchase decision.
B) Even companies that have adopted a total quality management approach consider price to be the most important factor in choosing a supplier.
C) Price and warranty are the only two factors businesses consider before making a purchase decision.
D) Buyers do not negotiate for better terms before making a final supplier selection.
E) Before selecting a supplier, many companies consider the supplier's reputation, ethical corporate behaviour, and honest communication.

Question

Which of the following statements about the supplier selection stage of the business buying decision process is true?
A)	Price is the only factor businesses consider before making a purchase decision.
B)	Even companies that have adopted a total quality management approach consider price to be the most important factor in choosing a supplier.
C)	Price and warranty are the only two factors businesses consider before making a purchase decision.
D)	Buyers do not negotiate for better terms before making a final supplier selection.
E)	Before selecting a supplier, many companies consider the supplier's reputation, ethical corporate behaviour, and honest communication.

Quizplus · Accepted Answer

Before selecting a supplier, companies often evaluate multiple factors beyond just price, including the supplier's reputation, commitment to ethical behavior, and the quality of communication. This holistic approach ensures that the partnership aligns with the company's values and operational needs.

Which of the Following Statements About the Supplier Selection Stage